Getting disability, health, or long-term care insurance is an important part of planning for your retirement. Most of the time, the insurance company will want to know a lot about you. Your habits, medical records, and family history will be used to put you into a group.
You need to know what's going on with your own health. Your health is the biggest factor in how much insurance you have to pay.
Here are some tips from insiders on how to get the best health score and the lowest rates:
- Be truthful
Not telling the truth about your health won't help you. First of all, the insurance company will find out eventually because they have your records. Since you didn't say how bad the problem is, they will assume it is. Worse, if you don't give important information that the company thinks is important, your policy could be cancelled.
Tell the insurance company everything they need to know about your health. But do it the way you want. Don't just say, "I have high blood pressure," for example. Tell them that you were diagnosed with high blood pressure a few years ago and that you have been able to keep it under control.
Give them all the facts and take away their doubts, and you'll end up with a good deal.
Be careful about what you say. If you answer slowly, people might think you are trying to hide something. Make your answers as clear as you can.
Find out how the list was made. Most of the time, the health ranking is based on certain criteria, which vary from company to company. Find out where you stand in a certain company and why. This gives you a clearer picture and, hopefully, lowers your insurance premium. Try to get the best rates you can, but know that the rate is only one thing to think about.
- Talk to your doctor.
Talk to your doctor. They would want to talk to your doctor and look at your medical records. If that didn't work, they would at least look at your records at the Medical Insurance Bureau.
Your best bet is to tell your doctor that you want to get insurance. A heads-up lets the insurance company know about the problem and helps them give you a good rating.
Make sure the company gets a full record, especially if you've gone to different doctors. The insurance company needs to see all of your medical records to get a full picture of your health.
Inquire discretely. If you ask too many questions, you might get a warning sign. Try to find a person who can shop for you. Be careful when choosing an insurance broker. They are not all the same, just like other professionals.
